CityNeon – [ Huge Volume In, What’s Your Trade Plan? ]

5th September, 2018, 8:22 AM

CityNeon – [ Huge Volume In, What’s Your Trade Plan? ] CityNeon 5th Sept 2018

Chart Source: Poemsview 5th Spet 2018

CityNeon saw a huge volume surge yesterday which was the highest seen over the year. Something that caught our eyes.

CityNeon couldn’t close above the previous high of $1.16 and we are watching for a sustained break above this resistance in order for Cityneon to have more upside movement.

CityNeon also continues to stay above its uptrend line which is a good sign. The moment it breaks that then the uptrend won’t be valid for us.

We’re looking at Cityneon closely to see if it can break that  horizontal resistance of $1.16.

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Cityneon

1st September, 2016, 3:40 PM
CITYNEON Sept 2016
CITYNEON Sept 2016

Cityneon has broken down from its uptrend line and now sitting precariously on its 20ma and its horizontal support line. If these support don’t hold then we might see it head down to its 50ma. A pullback is healthy for the stock.

We would use CFD to short and not naked short.

Yours

Humbly